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Saskatoon residential real estate sales soften in June: SRAR

The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for June of 2010today accompanied by this release.


The second quarter of 2010 ended with 1,863 residential unit sales (year-to-date), on par with June of 2009. The unit sales number for the month of June declined by 17% with 364 properties being sold as compared to 441 properties last year.


Click the image for a larger version of the graph.


The average selling price in June was $295,963, up 7% from June 2009 when it was $276,194. This increase indicates strong activity in the mid to upper price range of homes. The $300,000 to 350,000 price range continues to experience the greatest sales activity.


Click the image for a larger version of the graph.


REALTORS® listed 676 homes in the month of June, a similar number to last year when 669 homes were placed on the market. Year to date listing numbers are on par with 3,838 properties being listed for sale. Consumers had 1,412 homes to select from at the end of June.


Click the image for a larger version of the graph.


Sales activity in the smaller communities around Saskatoon (e.g. Martensville, Warman, Dundurn) remained very balanced with 101 units selling. That number was up 3% from June 2009. The average selling price was up 1% at $254,203 and the year to date average selling price in these areas is up 4% to $252,788. Listing numbers were down 4% with 246 properties being placed on the market for sale as compared to 257 in June 2009.


Similar market activity is expected in the third quarter. New home sales are brisk, interest rates remain attractive, job creation continues to increase and regular in migration is taking place. In addition consumer confidence in the local economy also remains strong. All of these are necessary components of a healthy real estate market environment.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher
Royal LePage Vidorra

Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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